SimpleClosure, founded in 2023, has raised $20 million to streamline startup closures, offering founders a structured approach to winding down operations rather than facing chaotic bankruptcies. The platform aims to transform the often-painful process of shutting down a business into something more manageable.

The Los Angeles-based company recently launched Asset Hub, a marketplace designed to help founders recover value from company assets like source code, operational data, domain names, and equipment. In Q1 2026 alone, startup closures increased 2.6x compared to the same period in 2025, highlighting the growing need for such services.

More than $200 million has been returned to stakeholders through SimpleClosure's platform, demonstrating the tangible value of organized shutdowns. Capital efficiency has become increasingly important for investors, who now view clean failures more positively than prolonged burn cycles with no clear path forward.